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Cameroon: Debt service dropped by 6.2% YoY to XAF408.5 billion in H1-2020

Cameroon: Debt service dropped by 6.2% YoY to XAF408.5 billion in H1-2020
  • Comments   -   Friday, 09 October 2020 15:14

(Business in Cameroon) - Cameroon’s debt service was estimated at XAF408.5 billion in H1-2020, according to the H1 budget implementation report recently published by the Ministry of Finance (Minfi). According to the report, this was down by XAF27.2 billion (-6.2%) compared with the XAF435.7 billion of debt serviced in H1-2019.  

"This decline can be observed in the two main categories of public debt. Compared to the XAF913.9 billion forecast for the year, the debt service execution rate is 44.7%," the Minfi explains.

Foreign debt service stood at XAF201.6 billion at the end of June 2020 compared to XAF217.8 billion at the end of June 2019. This represents a decrease of XAF16.3 billion (7.5%) and an execution rate of 53.9%.  

Domestic debt service decreased by XAF10.9 billion (-5%), down from XAF217.8 billion at end-June 2019 to XAF207 billion at end-June 2020. Compared with the XAF539.9 billion forecast for the 2020 fiscal year, the execution rate for domestic debt service is 38.3%.

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